CanWel Building Materials Group Ltd (TSE:CWX) Director Amar Doman Purchases 47,500 Shares

CanWel Building Materials Group Ltd (TSE:CWX) Director Amar Doman purchased 47,500 shares of CanWel Building Materials Group stock in a transaction that occurred on Wednesday, September 19th. The shares were bought at an average cost of C$5.72 per share, for a total transaction of C$271,700.00.

Amar Doman also recently made the following trade(s):

  • On Tuesday, September 25th, Amar Doman bought 2,900 shares of CanWel Building Materials Group stock. The stock was acquired at an average cost of C$5.75 per share, for a total transaction of C$16,675.00.
  • On Tuesday, August 21st, Amar Doman bought 5,000 shares of CanWel Building Materials Group stock. The stock was acquired at an average cost of C$6.37 per share, for a total transaction of C$31,850.00.
  • On Friday, August 17th, Amar Doman bought 5,000 shares of CanWel Building Materials Group stock. The stock was acquired at an average cost of C$6.31 per share, for a total transaction of C$31,550.00.
  • On Monday, August 13th, Amar Doman purchased 10,000 shares of CanWel Building Materials Group stock. The stock was purchased at an average price of C$6.27 per share, with a total value of C$62,700.00.

TSE:CWX traded up C$0.11 during trading hours on Friday, hitting C$5.22. 152,000 shares of the company were exchanged, compared to its average volume of 174,002. CanWel Building Materials Group Ltd has a one year low of C$5.02 and a one year high of C$7.50.

CanWel Building Materials Group (TSE:CWX) last posted its quarterly earnings data on Wednesday, August 1st. The company reported C$0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.21 by C($0.02). CanWel Building Materials Group had a return on equity of 15.13% and a net margin of 3.65%. The business had revenue of C$382.10 million during the quarter, compared to the consensus estimate of C$415.20 million.

A number of research analysts have recently commented on CWX shares. CIBC increased their price target on CanWel Building Materials Group from C$6.50 to C$7.00 in a research note on Thursday, July 12th. Canaccord Genuity dropped their price target on CanWel Building Materials Group from C$7.75 to C$7.50 in a research note on Thursday, August 2nd. Raymond James lowered their target price on CanWel Building Materials Group from C$8.00 to C$7.00 and set an “outperform” rating for the company in a research report on Wednesday, September 12th. Finally, National Bank Financial lowered their target price on CanWel Building Materials Group from C$8.50 to C$7.50 and set an “outperform” rating for the company in a research report on Friday, September 14th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. CanWel Building Materials Group has an average rating of “Buy” and an average target price of C$7.00.

CanWel Building Materials Group Company Profile

CanWel Building Materials Group Ltd., through its subsidiaries, distributes building materials and home renovation products in Canada, Hawaii, and the Western United States. It operates through two segments, Building Materials Distribution and Forestry. The company sells adhesives; decking and railing; engineered wood products; fasteners; foundation; insulation; interior finishing; building envelope; lumber, plywood, OSB, and specialty industrial products; roofing and accessories; treated wood; exterior trim and décor products; welded panels; profiles and colors; fusion stones; exterior products; sidings, panels, shingles, and trims; and security and door ware products.

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